No Dutch Disease In Greenland

Greenlanders are soon going to reap the possible benefits - economic self-sufficiency and full independence from Denmark - of an international push to exploit its abundant natural resources.

China is presently leading the race to develop Greenland’s resources with several Chinese companies trying to establish a presence in the country.

Chinese investors are reportedly preparing to put 1.3 billion kroner into major infrastructure projects, including three new airports and the expansion of port facilities in Nuuk - Chinese labor will be used in these projects.

But Greenland has strong historical ties to the European Union (EU) through Denmark and the Chinese will face stiff competition from not only the EU and Denmark, but from South Korea as well.

Currently Canadian and Australian listed company’s dominate the mining exploration sector.